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CUSTOMS AND EXCISE ACT, 1964. AMENDMENT OF SCHEDULE NO. 1 (NO. 1/1/1456)30 November 201289563920.20.303920.20.353920.20.403920.20.45 3920.20.50 3920.20.55963Other, biaxially oriented, printed, not

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Any individual or business involved in importing or exporting goods needs to comply with the customs and excise act.

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What is customs and excise act?

The Customs and Excise Act is legislation that regulates the collection of customs duties and excise taxes on goods imported into or exported from a country. It outlines the procedures for the assessment and collection of these duties and taxes.

Who is required to file customs and excise act?

Individuals or businesses that import or export goods are required to file under the Customs and Excise Act. This includes importers, exporters, and agents acting on behalf of these parties.

How to fill out customs and excise act?

To fill out the Customs and Excise Act documentation, individuals must provide detailed information about the goods being imported or exported, including quantity, value, origin, and tariff classification. It may involve completing a specific form provided by customs authorities.

What is the purpose of customs and excise act?

The purpose of the Customs and Excise Act is to facilitate trade while ensuring the collection of revenue through customs duties and excise taxes, protecting national interests, and regulating the movement of goods across borders.

What information must be reported on customs and excise act?

Information that must be reported includes the description of goods, their value, country of origin, quantity, and the applicable tariff codes. Additional documents may be required for specific goods.

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